What is the salary of a Finance Officer at Britannia?

The average annual salary for a Finance Officer at Britannia Industries Limited with 10 to 12 years of experience is approximately ₹10.2 Lakhs per year. This salary range typically falls between ₹9.9 Lakhs and ₹10.8 Lakhs per year.

The average annual salaries for some other roles at Britannia Industries Limited:

1. Finance Manager:
   • Experience: 1 to 15 years
   • Average Annual Salary: ₹27.5 Lakhs
   • Salary Range: ₹18 Lakhs to ₹40 Lakhs per year
2. Officer Grade 1:
   • Experience: 10 to 12 years
   • Average Annual Salary: ₹10.2 Lakhs
   • Salary Range: ₹9.9 Lakhs to ₹10.8 Lakhs per year
     
     the detailed responsibilities associated with this position:
3. Financial Reporting:
   • Prepare and present financial statements, including balance sheets, income statements, and cash flow statements.
   • Ensure all financial reporting complies with accounting standards (e.g., GAAP, IFRS) and company policies.
   • Conduct regular financial analysis to provide insights into the company’s financial status.
4. Budgeting and Forecasting:
   • Work collaboratively with various departments to develop annual budgets and financial forecasts.
   • Track and report on the actual performance versus budget, highlighting variances and reasons for discrepancies.
   • Update forecasts periodically based on new data and trends.
5. Cost Control:
   • Perform detailed cost analysis to identify areas where the company can reduce costs and improve efficiency.
   • Develop and implement cost-saving measures and strategies to optimize spending without compromising quality.
   • Monitor expenses regularly to ensure adherence to budget limits.
6. Tax Compliance:
   • Ensure the timely and accurate preparation and filing of all required tax returns.
   • Manage and coordinate tax audits, providing necessary documentation and explanations.
   • Stay updated on changes in tax regulations and ensure compliance to avoid penalties.
7. Treasury Management:
   • Manage the company’s cash flow to ensure adequate liquidity for operations.
   • Oversee banking relationships, including managing bank accounts and negotiating terms with financial institutions.
   • Make informed investment decisions to optimize returns on excess cash.
8. Internal Controls:
   • Design and implement internal control systems to safeguard company assets.
   • Regularly review and update internal controls to address emerging risks and inefficiencies.
   • Conduct periodic internal audits to ensure compliance with control procedures.
9. Financial Analysis:
   • Analyze financial data to provide actionable insights to senior management.
   • Prepare variance reports to compare actual performance with budgeted figures, explaining significant differences.
   • Utilize financial models to support strategic planning and decision-making processes.
10. Audit Coordination:
    • Serve as the primary liaison with external auditors during annual audits.
    • Prepare audit schedules, respond to auditor inquiries, and implement recommendations from audit findings.
    • Ensure all financial records are accurate and up-to-date to facilitate smooth audits.
11. Risk Management:
    • Identify and assess financial risks, including market, credit, and operational risks.
    • Develop and implement risk mitigation strategies to minimize potential financial losses.
    • Monitor the effectiveness of risk management policies and update them as needed.
12. Advisory Role:
    • Provide expert financial advice to management on investment decisions, capital structure, and financial planning.
    • Support strategic initiatives with financial analysis and insights.
    • Assist in evaluating the financial viability of new projects and business opportunities.

Some potential benefits that employees at Britannia might receive:

1. Housing Allowance:
   • This allowance can help cover rent or mortgage expenses, providing financial support for your living arrangements.
2. Transportation Allowance:
   • This benefit assists with commuting costs, including expenses for fuel, public transportation, or car maintenance. It helps ease the financial burden of daily travel to and from work.
3. Wellness Programs:
   • Britannia may offer various wellness initiatives aimed at promoting employee health and well-being. These can include:
     • Gym Memberships: Subsidized or free access to fitness centers to encourage physical activity.
     • Health Check-Ups: Regular medical examinations to monitor and maintain health.
     • Stress Management Programs: Workshops or resources to help manage stress, improve mental health, and promote a balanced lifestyle.
4. Medical Insurance:
   • Comprehensive health insurance plans that cover medical, dental, and vision expenses for employees and their families.
5. Retirement Benefits:
   • Provident fund, pension schemes, or other retirement plans to help secure financial stability in retirement.
6. Performance Bonuses:
   • Bonuses or incentives based on individual performance, department goals, or overall company profitability.
7. Paid Time Off:
   • Generous leave policies, including vacation days, sick leave, and paid holidays.
8. Professional Development:
   • Opportunities for continuous learning and development through training programs, workshops, and sponsorship for further education.
9. Employee Assistance Programs (EAPs):
   • Confidential counseling and support services to help employees deal with personal or work-related issues.
10. Flexible Working Hours:
    • Flexible or remote working options to help employees balance their work and personal lives.